MHR

[ChuckGeb]

Magnum Hunter just announced a monster gas well in WV as follows:

Current Peak Rate Production of 46.5 MMCF per Day

HOUSTON, TX--(Marketwired - Sep 24, 2014) - Magnum Hunter Resources Corporation (NYSE: MHR) (NYSE MKT: MHR.PRC) (NYSE MKT: MHR.PRD) (NYSE MKT: MHR.PRE) (the "Company" or "Magnum Hunter") announced today that the Company's 100% owned Stewart Winland 1300U well located in Tyler County, West Virginia was placed on production last weekend. The Company's first Utica Shale well drilled and completed in the State of West Virginia and the most southeastern well in the entire play tested at a peak rate of 46.5 MMCF of natural gas per day (~7,750 BOE per day) on an adjustable rate choke with 7,810 psi FCP and has been flowing to sales through the Company's Eureka Hunter Pipeline system. The Stewart Winland 1300U well was drilled and cased to a true vertical depth of 10,825 feet with a 5,289 foot horizontal lateral, and successfully fraced with 22 stages.

Anybody know where this is in relation to Gastar's properties?

[wilmawatts]

wowza !!!!!!

[ghrcap]

$5.95 bid at the conclusion of the A/H session tonight.

[ghrcap]

There were 26M shares short as of 8/29. "Houston, we have a problem here."

[mingya]

MHR has 3 more wells ready as well, just the final permits and this one is gushing big time.

Additionally, three new Marcellus Shale wells (Stewart Winland 1301M, Stewart Winland 1302M and Stewart Winland 1303M), which are also 100% owned by the Company, have all been fracture stimulated and are ready for sales. The Company is awaiting an air permit from the State of West Virginia to begin flowing these Marcellus wells to sales.

Stewart Winland 1300U Vert depth 10,825 feet, 5,289 foot horizontal lateral, fraced with 22 stages -- peak rate of 46.5 MMCF of natural gas per day
Stewart Winland 1301M Vert depth 6,155 feet, 5,762 foot horizontal lateral, fraced with 27 stages -- ??
Stewart Winland 1302M Vert depth 6,147 feet, 5,676 foot horizontal lateral, fraced with 29 stages -- ??
Stewart Winland 1303M Vert depth 6,149 feet , 5,762 foot horizontal lateral, fraced with 29 stages -- ??

The other 3 are in the Marcellus, so curious on the results. This is in Tyler Country.

[wilmawatts]

Sweet. Magnum Hunter is attractive to say the least for their Utica and Marsellus prospects.

Gastar is my play here, they have offset acreage. And I am already invested.